Zip 87123 (Albuquerque, NM) Housing


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Housing in 87123 Albuquerque, NM is quite expensive compared to the US median, with a median value of $294,800. However, the appreciation rate for housing in this area is significantly higher than the national average, with an annual increase of 13.79%. This indicates that 87123 Albuquerque, NM is likely to be a popular area for real estate investment and could potentially be an attractive option for potential homeowners.

The median home cost in Albuquerque (zip 87123) is $294,800. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87123) is up 17.1%.

Average Age of Homes
- The median age of Albuquerque (zip 87123) real estate is 36 years old
The Rental Market in Albuquerque (zip 87123)
- Renters make up 37.4% of the Albuquerque (zip 87123) population
- 3.4% of houses and apartments in Albuquerque (zip 87123), are available to rent

DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingAlbuquerque, New MexicoUnited States
  19,914.0139,647,020.0
  4042
  $294,800$338,100
  17.1%16.6%
  57.7%57.0%
  77.7%101.1%
  $11.52$10.98
  $2,231$2,690
  60.4%57.4%
  7.1%11.2%
  32.5%31.4%
  Vacant Housing
  3.4%1.9%
  0.6%0.4%
  0.7%0.7%
  0.1%0.4%
  0.1%3.6%
  2.2%4.1%
  Value of Owner-Occupied Housing
  10.4%2.6%
  5.5%2.4%
  0.7%2.8%
  1.3%3.9%
  0.4%4.5%
  11.4%11.3%
  23.3%13.0%
  24.2%20.1%
  14.6%13.6%
  4.7%8.3%
  3.3%9.7%
  0.1%3.9%
  0.1%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  12.4%13.6%
  12.4%13.6%
  14.5%13.6%
  19.0%13.2%
  29.5%14.8%
  14.5%13.6%
  6.3%10.0%
  1.0%4.7%
  0.5%12.2%
Commute

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